Your email has been sent.
1501 S Yale St 6,029 SF Office/Medical Condo Unit Offered at $1,600,000 in Flagstaff, AZ 86001
INVESTMENT HIGHLIGHTS
- 1st Floor Condo's sporting 6,029 SF fully leased offering an NOI of $114,087
- Combined, leased through April 30, 2031 (recent renewal included $18,000 TI allowance for flooring, paid by seller)
- Two blocks from Northern Arizona University; surrounded by medical, professional, and retail uses
- Desirable medical space build-out with strong community growth and increasing NAU population
PROPERTY FACTS
| Total Building Size | 12,249 SF | Typical Floor Size | 6,125 SF |
| Property Type | Office (Condo) | Year Built | 2008 |
| Property Subtype | Medical | Lot Size | 0.11 AC |
| Building Class | B | Parking Ratio | 3.92/1,000 SF |
| Floors | 2 |
| Total Building Size | 12,249 SF |
| Property Type | Office (Condo) |
| Property Subtype | Medical |
| Building Class | B |
| Floors | 2 |
| Typical Floor Size | 6,125 SF |
| Year Built | 2008 |
| Lot Size | 0.11 AC |
| Parking Ratio | 3.92/1,000 SF |
AMENITIES
- Reception
- Drop Ceiling
- Air Conditioning
1 UNIT AVAILABLE
Unit 150-152
| Unit Size | 6,029 SF | Sale Type | Investment |
| Price | $1,600,000 | Cap Rate | 7.13% |
| Price Per SF | $265.38 | NOI | $114,080 |
| Condo Use | Office/Medical |
| Unit Size | 6,029 SF |
| Price | $1,600,000 |
| Price Per SF | $265.38 |
| Condo Use | Office/Medical |
| Sale Type | Investment |
| Cap Rate | 7.13% |
| NOI | $114,080 |
SALE NOTES
This professional office condominium space is located in an upscale multi-floor medical/professional office building and surrounded by similar medical/professional use. Located just off Milton Road and two blocks from Northern Arizona University, the building is well situated in the heart of Flagstaff.
The 6,029 square foot first floor is part of a larger 12,356 square foot medical office building in a medical and professional complex at the southeast quadrant of Yale Street and Plaza Way. Complex occupants include medical doctors, architects, ophthalmologists, medical testing and home healthcare.
Suites 150 and 151 are combined into one space and will be occupied through April 30, 2031. The lease renewal included a TI allowance of $18,000 to replace the flooring, which will be paid in full by the Seller. Suite 152 is currently occupied as medical space through December 31, 2025.
1st Floor
Presented by
1501 S Yale St
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.